HUDDLESTOCK FINTECH
Reference is made to the stock exchange notice published by
Since the completion of the Private Placement, the shares in the Company have traded on customary volumes below the expected conversion price per share pursuant to the convertible rights issued in the Private Placement. Hence, there is only a very limited potential of any economic value in a thought of a "repair issue" for the eligible shareholders, and any such potential value is most likely substantially lower than the estimated expenses involved for the Company in carrying out such repair issue. Based on the above the, Board of Directors of the Company is of the opinion that the principle of equal treatment has been sufficiently complied with in connection with the Private Placement and has therefore decided to cancel the subsequent offering.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Leif Arnold Thomas , Chief Executive Officer,Huddlestock Fintech AS , +47 982 15 520, leif.thomas@huddlestock.com
About Huddlestock Fintech AS
Huddlestock is an innovative technology software provider through its Investment-as-a-service offering, with full operational service support and a leading financial Consultancy services business. We deliver innovative and sustainable technology and operational solutions to companies offering financial products and services.
Find out more at huddlestock.com
Attachments
- Download announcement as PDF.pdf
© NTB Norway, source
